BSECompany Update9 Oct 2026 · 9 Oct 2026, 07:42 pm
The Company has received COD for its NHAI Project executed by its 100% subsidiary, Ashoka Bettadahalli Shivamogga Road Private Limited w.e.f. 07-10-2026. The said SPV is eligible for receiving annuity w.e.f. 07-10-2026, at the interval of every 6 months, for 15 years.
Ashoka Buildcon Ltd · 533271
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Ashoka Buildcon Ltd has received the Commercial Operation Date (CoD) for its NHAI project executed by its 100% subsidiary, Ashoka Bettadahalli Shivamogga Road Private Limited. The project is eligible for annuity payments from NHAI for 15 years.
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Governance Concern1/10
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Liquidity Impact9/10
Market Sentiment8/10
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Ashoka Buildcon Ltd - 533271 - Receipt Of Provisional Certificate (COD) For NHAI Project
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Ashoka Buildcon Limited
To To
The Manager The Manager
The Department of Corporate Services The Listing Department
BSE Limited National Stock Exchange of India Limited
Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051
Scrip Code: 533271 Scrip Symbol: ASHOKA Eq.
Debt Codes: CPs -730851/731112/731487/732069/732127
October 09, 2026
Sub: Receipt of Provisional Certificate (COD) for NHAI Project
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, Ashoka Buildcon Limited, (“the Company”) informs the
declaration of October 07, 2026 as the Commercial Operation Date (CoD) for stretch of 45.05
KMs as per recommendations vide letter issued by an Independent Engineer dated October 09,
2026, for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India
(“NHAI”) for the Project viz. “Four Laning of Tumkur Shivamogga Section from 170+415 to km.
226+750, Bettdahalli Shivamogga of NH-206 on Hybrid Annuity Mode under Bharatmala
Pariyojna in the state of Karnataka” (“Project”).
The Project is executed by Ashoka Bettadahalli Shivamogga Road Private Limited (“SPV”), a
Wholly Owned Subsidiary of the Company.
The Company also announces that the said SPV has received a Provisional Certificate for
completion of 27.02 KMs of Service Road, and 45.05 KMs of main carriageway, out of total Project
stretch of 50.975 KMs.
Further to inform that consequent upon the declaration of CoD, the SPV would be eligible for
receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of
every 6 months from the date of achievement of CoD, i.e. October 07, 2026.
Please take note of the same.
Yours faithfully,
For Ashoka Buildcon Limited
(Manoj A. Kulkarni)
Company Secretary
ICSI Membership No.: FCS – 7377
Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India
Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com
CIN: L45200MH1993PLC071970